KIER INFRASTRUCTURE AND OVERSEAS LIMITED
Company Information
- Company Number
- 01157281
- Registered Address
- 2nd Floor Optimum House, Clippers Quay, Salford, England, M50 3XP
- Status
- Active
- Employee Count
- 984.0
- Turnover
- 656634000.0
- EBITDA
- 62397000.0
Additional Details
- Website
- https://kier.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 16 January 1974
- Nature of Business
- 42990 - Construction of other civil engineering projects not elsewhere classified
- Industries
- 0
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 23 | 79% | 17% | 4% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 23 | 76% | 20% | 4% | 19% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 23 | 78% | 19% | 3% | 15% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 22 | 79% | 18% | 3% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 24 | 78% | 19% | 3% | 35% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 27 | 69% | 26% | 5% | 36% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 30 | 73% | 20% | 7% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 31 | 62% | 30% | 8% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 35 | 61% | 27% | 12% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 47% | 36% | 17% | 41% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 55 | 28% | 46% | 26% | 52% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 63 | 30% | 35% | 35% | 58% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 58 | 20% | 45% | 35% | 53% |
Company Summary
KIER INFRASTRUCTURE AND OVERSEAS LIMITED is a leading construction and infrastructure company based in the United Kingdom
The company has a strong focus on sustainability and offers a wide range of products and services in the construction, infrastructure, and support services sectors
Their sustainability program includes initiatives to reduce carbon emissions, increase energy efficiency, and promote responsible waste management
They also prioritize the use of sustainable materials and practices in their projects
KIER INFRASTRUCTURE AND OVERSEAS LIMITED has a diverse portfolio of products and services, including building and civil engineering, highways and transportation, utilities, and environmental services
They also offer support services such as facilities management and property maintenance
The company's key people include Chief Executive Officer Andrew Davies, Chief Financial Officer Simon Kesterton, and Chairman Claudio Veritiero
Their website address is www.kier.co.uk, where customers can find more information about their products and services, as well as their sustainability efforts
The registered office address for KIER INFRASTRUCTURE AND OVERSEAS LIMITED is Tempsford Hall, Sandy, Bedfordshire, SG19 2BD, United Kingdom
Overall, KIER INFRASTRUCTURE AND OVERSEAS LIMITED is a reputable and sustainable company that continues to play a significant role in the construction and infrastructure industry in the UK
Company Review
Trend Analysis
The trend for KIER INFRASTRUCTURE AND OVERSEAS LIMITED in terms of average time to pay invoices has been decreasing, with a decrease of 35% from 2017 to 2023. This indicates that the company has been paying invoices more quickly over time.
Volatility Analysis
The average time to pay invoices has shown a relatively stable trend, with a decrease of 35% from 2017 to 2023. However, there was a significant decrease of 15% from 2018 to 2019, indicating a period of improvement in payment processes.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment terms are agreed with suppliers and subcontractors as part of contract negotiations and aligned with relevant codes to ensure compliance. Terms vary from 7 days from invoice received date (IRD) to 60 days from IRD; the most common payment term is 60 days from IRD.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Kier Infrastructure and Overseas Limited is a proud signatory of the Prompt Payment Code and committed to meeting the targets and guidance provided as part of this Code. Kier Infrastructure and Overseas Limited has invested significant resource in governance, systems and process improvements to improve payment to terms of its valued supply chain partners. Per guidance from the Prompt Payment Code, Kier Infrastructure and Overseas Limited is committed to payment of all compliant invoices provided by suppliers deemed small companies (having less than 50 employees) within 30 days; these also form part of Kier Infrastructure and Overseas Limited commitments to the frameworks and contracts entered into where standard payment terms are 30 days or less. Changes have been made to core systems to identify companies within this category for Code reporting purposes while management focus continues on improving payment experiences for all suppliers.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Kier Infrastructure and Overseas is a strong advocate of fair treatment for all supply chain partners and constantly strives to improve transparency, increase certainty of payment and in reduce time to pay. We are working hard to simplify internal processes and approvals, towards minimising time to pay for our supply chain partners; we are also working with those supply chain partners to inform and upskill where required towards right first time invoicing to avoid payment delays. Where they happen, Kier Infrastructure and Overseas actively seeks to resolve disputes as quickly as possible, through close interaction with suppliers; in the interests of fair treatment for all supply chain partners, dispute resolution is treated as a priority. Typically, these issues can be resolved through coordination between our payables teams and supplier credit control teams within an agreed process for dealing with disputes which is communicated to suppliers, and where necessary procurement and commercial teams are engaged to support the earliest commercial resolution; where resolution is still unable to be achieved, senior management will be engaged towards the swiftest possible conclusion. Where agreement cannot be reached to the mutual satisfaction of both parties, other dispute resolution channels will be deployed, such as mediation, arbitration and expert determination.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
✅
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
